Wednesday, Oct 21, 16:28 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- Video Interview with James Chen: Euro and AUD will continue strengthening against the US Dollar
- Rates & Charts Section: Get the most updated data on FX, commodities, Indices... Go Now!
- Do you know it all about FX? Test yourself! Learning Center Practice A is out!
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: GBP/USD − Bullish Trendline Break by James Chen
Price action on GBP/USD, a daily chart of which is shown, has just made a clean breakout above a long−term downtrend resistance line extending from the July 2008 high. This breakout is a significant first step in possibly breaking out of the prolonged consolidation that has characterized this currency pair since June of this year.
Tech Trading: USD/CAD Testing 1,0580 resistance by César B. Leiceaga
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Oct 21, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Thu, Oct 22, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 21, 15:00 GMT | An introduction to Price Behaviour: Part 3 | Mike Baghdady | WBN |  |
| Wed, Oct 21, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Oct 22, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Thu, Oct 22, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Oct 22, 13:00 GMT | Pip Movement Ranges for Better Trade Management | Raghee Horner | WBN | |
Current Session: U.S.
Violates The 1.6421/66 Levels, Eyes Further Upside
FXTechstrategy − After an attack on the 1.6421 level, its channel resistance failed on Tuesday putting GBP on a negative close, it was seen breaking 1.6421/66 levels in early trading today. While holding on to those gains, GBP has potential to target further higher prices towards the 1.6740 level, its Sept 11'09 high where a break will set the stage for a run at the its YTD high at 1.7041. Two things are key to the sustenance of the pair's current upside offensive and an eventual resumption of its MT uptrend.
EUR/USD
Forex: EUR/USD: Euro reaches levels right above 1.5000 by FXstreet.com
The Euro has bounced aggressively art 1.4900 area and it has rallied about 100 pips to reach levels right above 1.5000 for the first time since August 08.
USD/JPY
Ready for further gains if it can break above recent resistance at 91.33 by Saxo Bank
USDJPY survived an important test of support recently and appears ready for further gains if it can break above recent resistance at 91.33 after yesterday's hammer−like reversal.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Financial Trend Analysis , KBC , Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers
US FED'S BEIGE BOOK
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 21 | 18:00 | Fed's Beige Book | - | - | - |
Friday Notes - Beige Book to confirm stabilization of economy by UniCredit Group
[ Full Story ]Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 23 | 08:00 | IFO − Business Climate | - | 92.1 | 91.3 |
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 23 | 14:00 | Existing Home Sales (MoM) | - | 5.0% | -2.7% |
| Oct 23 | 14:00 | Existing Home Sales | - | 5.35M | 5.10M |
Friday Notes - Existing Home Sales: Rebound in home sales continues by UniCredit Group
Existing home sales have rebounded from the all−time low reached in January. Despite their 23⁄4% decline in August, they are still up an annualized 361⁄4% during the last six months.
[ Full Story ]Top Market Movers
UK CBI INDUSTRIAL TRENDS SURVEY − ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 21 | 10:00 | CBI Industrial Trends Survey − Orders (MoM) | -51 | -45 | -48 |
- UK CBI Industrial Trends Survey down to −51 from −48 (FXstreet.com)
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 21 | 08:30 | Bank of England Minutes | - | - | - |
Top Fundamental Stories - The BoE voted unanimously to keep the interest rate unchanged by ecPulse.com
[ Full Story ]- Read full minutes at BoE
- European markets, on a slight sell tone; Pound soars after BoE minutes (FXstreet.com)
- 2nd UPDATE: Pound Up As BOE Shows No Asset−Purchase Split (Dow Jones)
- UPDATE: Pound Up As BOE Minutes Show No Asset−Purchase Split (Dow Jones)
Top Fundamental Stories - Europe Ahead: BoE Minutes reveal unanimous vote on rates and APF by ecPulse.com
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 20 | 13:00 | BoC Interest Rate Decision | 0.25% | 0.25% | 0.25% |
BOC Keeps Rate At 0.25%,On Hold To 2Q 2010,Warns Of Strong C$ (Dow Jones)
[ Full Story ]- Read the official statement at BoC
- Canada Afternoon: C$ Plummets On Dovish BOC Rate Statement (Dow Jones)
- UPDATE: BOC Keeps Rate At 0.25%,On Hold To 2Q 2010,Warns Of Strong C$ (Dow Jones)
- Forex: USD/CAD: Dollar soars to 1.0400 area after BoC rate statement (FXstreet.com)
European Session: Dovish BoC Disappoint Bulls, But RBNZ Turn Hawkish by ACM − Advanced Currency Markets
Market Insights - Risky Assets Pared Gains amid BOC's Strong CAD Warning and Disappointing Eco Data by Oil N' Gold
European and US summary - CAD Slumps on BoC by Forexnews.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 21 | 11:00 | US | MBA Mortgage Applications (Oct 16) | -13.7% | -1.8% | |
| 14:30 | US | EIA Crude Oil Stocks change | 1.3M | 0.9M | 0.4M | |
| 18:00 | US | Fed's Beige Book | ||||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Sep) | ¥375.0B | ¥235.4B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Sep) | ¥625.3B | ¥185.7B | ||
| Oct 22 | 04:30 | JP | All Industry Activity Index (MoM) (Aug) | 0.4% | 0.5% | |
| 06:15 | CH | Trade Balance (Sep) | 1.59B | 1.72B |
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Educational Resources
Basics of Conventional Loans and What Do Fannie and Freddie Have to Do With It
Understanding how loans work specifically related to real estate is very important whether you're purchasing a home, investing directly in real estate, or trading mortgage backed securities (MBS). So this week, Diana Hill ll outline the basics of conventional financing and Fannie and Freddie. Read Diana Hill's article !
From Lessons from the Pros as well:
Like Minds, Individual Approach by Sam Evans
Vertical Spreads: Part I by Josip Causic
Important Resources for Futures Traders by Sam Seiden